Florida’s Brightline announced it has entered into an agreement with Walt Disney World Resort to build a train station at Disney Springs, near Orlando.
A railroad battle is shaping up in Miami. Two competitors want to serve potential commuters into Brightline’s new Miami Central downtown hub. It may not be as dramatic as the Chile War, when the Atchison, Topeka & Santa Fe and the Denver & Rio Grande Western literally fought armed skirmishes to determine who could build new rail lines in the New Mexico Territory in the early 1880s, but it nevertheless is a battle.
Total U.S. weekly rail traffic was 548,790 carloads and intermodal units for the week ending August 12, up 2.75% compared with the same week in 2016.
Grupo México, S.A.B. de C.V. has completed the acquisition of Florida East Coast Holdings Corp. (FEC) through its Transportation Business Unit Grupo México Transportes, S.A. de C.V. (GMXT).
SoftBank Group Corp. has acquired Fortress Investment Group LLC, parent of Florida East Coast Railway and TRAC Intermodal, for $3.3 billion in cash.
Florida East Coast Railway (FECR) is expanding its intermodal rail service into Central Florida to include next-day service to Fort Pierce on weekends. Previously, FECR provided next-day service to Fort Pierce six days per week.